HomeMy WebLinkAbout2006 Resolution No. 087• RESOLUTION NO. fil
SERIES OF 2006
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A RESOLUTION APPROVING A SUPPLEMENT AL APPROPRIATION TO THE 2006
BUDGET FOR THE ENGLEWOOD GOLF COURSE REDEVELOPMENT PROJECT .
WHEllEAS , the City of Englewood is required by City Charter to ensure that expenditures do
not exceed legally adopted ap propriations ; w,d
WHEREAS, this action appropriates funds for co1,;ultants to help manage the Englewood Golf
Course redevelopment project ;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
ENGLEWOOD , COLORADO , AS FOLLOWS:
Section I. The Budget for the City of Englewood, Colorado, is hereby amended for the year
ending 2006 , as follows :
PUBLIC IMPROVEMENT FUND :
SOURCE OF FUNDS :
Fund Balance
USE OF FUNDS:
Consultants (oversight of trash removal ,
construction, improvements)
$650 ,000
$650,000
Section 2. The City Manager and the Director of Finance and Administ.ative Services are
hereby authorized to make the above changes to the 2006 Budget for the City of Englewood .
ADOPTED AND APPROVED thi s 18th ofDecernber, 2006 .
I, Loucrishia A. Ellis, City Clerk fo rJ!i4::.City of Englewood,
above is a true copy of!l.esolution No. t:[/_, Series of 20
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COUNCIL COMMUNICATION
Date : Subject :
D ecember 18, 2()
i Agenda Item :
, 11 Ci Supplemental Appropriation to the 2006 Budg et for
the Public Improvement Fun d
Initiated By:
Department of Finan ce and Administra tive Services
I Staff Source:
Frank G,yglewicz, Direc tor
COUNCIL GOAL AND PREVIOUS COUNCIL ACTION
City Council has discussed the Golf Course Redevelopment Project many limes. Council approved
Ordinanc e 28, Series of 2006, ~ Pr c~e rty Lease Agreement with Sheridan Rede ve lop ment Agency
on second reading on August 7, 2006. On August 27, 2006, Council approved a motion to
contract tor professiona l services for golf course observation during th e golf co urse redevelopment.
RECOMMENDED ACTION
Staff recommends Council approve the attached Res olution for a supplemen ta l appropriation to the
Public Improvem ent Fund for capital improvem ents for the Golf Course. Th e fund s for th ese
expendi tures were received from Miller Weingarten as part ..,f th e Englewood Golf Cours e
Redevelopment Prc ject. The $650,000 includes golf operations and the payment in li eu of l axe s
from Sh eridan.
PUBLIC IMPROVEMENT FUND :
SOURCE OF FUNDS :
Fund Balan ce $650,000
USE OF FUNDS :
Consultants (oversight of trash removal, construction, improverients) $650,000
FINANCIAL IMPACT
This expenditure of funds will redu ce fund balance by $6 50,000.
LIST OF ATTACHMENTS
Pmposed Resolution